# The Energy Administration Rules 2005, Article 61: Test of security’s value

Extent: E+W

(1) Subject as follows, the energy administrator, if he is dissatisfied with the value which a secured creditor puts on his security (whether in his proof or by way of re-valuation under Rule 58), may require any property comprised in the security to be offered for sale.
(2) The terms of sale shall be such as may be agreed, or as the court may direct; and if the sale is by auction, the energy administrator on behalf of the protected energy company, and the creditor on his own behalf, may appear and bid.

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Source: https://www.legislation.gov.uk/uksi/2005/2483/article/61 (the official version)
Page: https://openlegislation.uk/energy-administration-rules-2005/article-61
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.